Open concept 3192 sq ft commercial building located in busy traffic intersection of East Main Rd in central Portsmouth. Lot sq ft is a combination of Lots A and B, approximately 23, 959 sq ft with 177 ft of frontage. The building is set back on the lots with easy in and out access to parking and to the 2 overhead garage doors located on the East and the South sides of the building. Plenty of parking for approximately 16 vehicles with additional parking in the garages depending on how your business is set up. The foundation measures 100 x 33. The first floor of the building is divided into two. Both sections are wide open with the space easily renovated to meet the needs of the future owner. The second story provides private space for offices and/or a conference room. The current owners added the second floor when they purchased the building. In addition they replaced the 2 overhead garage doors, installed 2 staircases to the 2nd floor, renovated 1st floor bath and installed one on the 2nd floor, updated the electric panel, installed Central Gas Heating with AC for office area, 4 zone ductless heat pump system on first floor, updated exterior and interior lighting and more. With few available commercial opportunities available for sale, explore the opportunities here. Please note: Property assessments, taxes, lot frontage and total lot size are a combination of lots 44A and 44B.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$1,075,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 401.474.4879
Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $860,000 | $860,000 | $860,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.375% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.229% | 6.486% | 6.307% |
Monthly Tax Payment | $407 | $407 | $407 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $4,951 | $5,365 | $7,315 |
Total Monthly Payment | $5,482 | $5,896 | $7,846 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.